Savings for School Employees

Summer Saver

Having the summer off often means having no paycheck. But with our Summer Saver account you'll be prepared. For classified and certificated school employees on a 10- or 11-month pay schedule, the Summer Saver account ensures you will have sufficient funds to get you through the months you don't receive a paycheck. Or, if you prefer, you can use the account to save for that summer vacation you've been daydreaming about.

  • Variable rate account
  • Available to all current school employees
  • Flexible, penalty-free withdrawals allowed anytime during the summer months or throughout the year
  • Monthly deposits through payroll deduction or direct deposit and automatic share-to-share transfer only
  • Minimum monthly deposit is $1; maximum monthly deposit is $2,000.
  • Choose any date between June 1 and August 31 of each year to have funds automatically transferred to your share account.
Summer Saver Account Rates*

Rate is valid as of 4/20/2014 accurate as of last dividend date, variable and subject to change after account opening.

Min. Opening Balance Dividend Rate APY*
$1 minimum monthly deposit by payroll deduction or payroll direct deposit, or automatic share transfer only. Maximum $2,000 month. 2.96% 3.00%
*APY = Annual Percentage Yield

For more information, or to open your Summer Saver account, simply visit any branch or call our Member Contact Center at 714/258-4000 or 800/462-8328, Monday through Friday, 7 a.m. to 7 p.m., and Saturday, 9 a.m. to 3 p.m. Or, print and mail a completed Summer Saver enrollment form.

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